3/28/2014

The bankruptcy trustee for Peregrine Financial Group has reached a deal worth more than $15 million with JPMorgan Chase related to the collapse of the financial firm. JPMorgan customers said the bank improperly transferred funds to Peregrine founder Russell Wasendorf Sr. Meanwhile, a bankruptcy judge in Chicago approved a settlement requiring Wasendorf's ex-wife to return $2.85 million to the firm's customers.

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